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Financial Inclusion

Pradhan Mantri Jan Dhan Yojana (PMJDY)

31.11 crore PMJDY accounts have been opened till 14.02.2018 across the country with deposit of Rs 74650.57 crore with an average deposit of Rs. 2400/ per account as against average deposit of Rs. 3789/ per account in the State of West Bengal in 2.98 crore no. of accounts.

All the Banks in the State of West Bengal issued Rupay Cards to 75% PMJDY customers against national issuance of 75%. Bank Mitras should use Rupay Card compliant hand-held devices/ Micro ATM, so that all the beneficiaries under PMJDY get the benefit of Rs.1 lac inbuilt accidental insurance.

Number of Zero balance accounts has come down to 11.30% of total PMJDY accounts opened in the State.

Aadhaar seeding percentage improved to 76% in West Bengal. On the issue of bulk seeding of Aadhaar numbers from MNREGA database or database of other department, all banks are to observe due diligence and obtain written consent of the customer before seeding the Aadhaar number in the Bank account.

Government of India has directed the schedule commercial banks operating in the country to set up Aadhaar Enrollment Centres (EC) for providing Aadhaar Enrollment and Update facility at a minimum of 1 out of 10 bank branch premises of each bank. In West Bengal, banks have already initiated the process in selected bank branches.

DFS, MoF, GoI is reviewing the progress of PMJDY in respect of Financial Literacy, Rupay Card activation and status of Bank Mitra through Video Conference on regular basis. SLBC Desk West Bengal along with member banks and State Mission Director (PMJDY) participate in VCs. SLBC communicates the direction of the DFS regularly to member banks for implementation.

Social Security Schemes:

Performance of these 3 Social Security Schemes viz. Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY) as on 31.12.2017 is furnished below:

PSB 3550153 861710 303148 4715011
RRB 411561 64212 18857 494630
Private 122161 55568 21047 198776
Co-op 64854 14589 0 79443
Total 4148729 996079 343052 5487860

Amendment in rules for implementation of PMJJBY:

It has been advised by DFS, MoF, GoI (letter F.No.H-12011/2/2015-Ins.II dated 02.05.2016) to incorporate a lien clause in the rules of PMJJBY with effect from 01.06.2016 whereby claims for deaths which occur during first 45 days from the date of enrollment will not be paid, meaning that the risk cover will commence only from 46th day from the date of enrollment.However, death due to accident will be exempted from the lien clause.

PMJDY September 2017

PMJDY March 2017

PMJDY December 2016 Archive